December 22nd, 2016 at 9:20:08 AM
permalink
To start off, I follow a handicapper who consistently hits 55-60% yearly. To increase MY winrate from his plays, I came up with a theory to only play his plays when he was running below his expected winrate, because he in theory would hit more winners bringing it back up to exepected value, and once he started running above expected value, stop playing his plays until it inevitably comes back down shortly. Any merit to this theory?
December 22nd, 2016 at 9:23:42 AM
permalink
No.Quote: Iroc595Any merit to this theory?
Climate Casino: https://climatecasino.net/climate-casino/
December 22nd, 2016 at 10:01:19 AM
permalink
Mind elaborating just so i can understand the flaw in that thinking?
December 22nd, 2016 at 10:59:38 AM
permalink
Quote: Iroc595Mind elaborating just so i can understand the flaw in that thinking?
No. No merit in the theory at all.
$:o)
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
December 22nd, 2016 at 11:09:35 AM
permalink
OnceDear explained it perfectly. But if it's still not enough, then Google "gambler's fallacy."Quote: Iroc595Mind elaborating just so i can understand the flaw in that thinking?
Climate Casino: https://climatecasino.net/climate-casino/